Ashoka WhiteOak India Opportunities A USD Acc was the top-performing fund among the top 10 largest India-focused offshore funds and ETFs.
India-focused offshore funds and ETFs are some of the prominent investment vehicles through which foreign investors invest in Indian equity markets.
US Fed chair Jerome Powell on Wednesday said they see 'payment stablecoins as a form of money'
India-focused offshore funds and exchange-traded funds (ETFs) witnessed a 9 per cent quarter-on-quarter decline in inflows to USD 803 million in the January-March period, mainly due to an uncertain global economic environment, according to a Morningstar report. However, this was the third consecutive quarter of inflow. Before that, such funds saw 17 quarters of net outflows in a row. India-focused offshore funds and ETFs are some of the prominent investment vehicles through which foreign investors invest in the Indian equity market. Going by the report, the category received a net inflow of USD 803 million during the January-March quarter of 2023, which was slightly lower than the net inflow of USD 884 million during the quarter ended December 2022. Flows into offshore funds are generally considered to be long-term in nature, whereas flows into offshore ETFs indicate predominantly short-term investments. Going ahead, investors would also look for cues from the scenario that unfold
Returns, however, beat other asset classes
Franklin Templeton, Mirae Asset, Edelweiss mutual funds resume international schemes
Index fund growth led by debt schemes, with fund houses launching target maturity funds this year
Between October 2021 and September 2022, gold prices rose over 9.5 per cent even as ETF inflows shrunk to a half
Vishal Kapoor remains head of committee of certified distributors, Nilesh Shah and Navneet Munot stay as chief of valuation committee and equity CIO panel, respectively
In Mumbai, the yellow metal is going at a discount of $7-10 per ounce while in Ahmedabad it is $7
The organisation will invest a higher percentage of the money from young subscribers into equity. For those nearing retirement, the money will be invested in a safe debt
As per industry data, so far, Aditya Birla Sun Life Mutual Fund, ICICI Prudential Mutual Fund and Nippon India Mutual Fund have launched silver ETFs
Annual ETF investments of nearly Rs 36,000 cr on average since 2019-20
They are more transparent and control both interest-rate and credit risk
Investors are likely to continue to invest in gold ETFs as a means to diversify their portfolio and hold gold ETFs as a hedge against market risks
As for stock investing, depository receipts offer better protection while international broker route offers more choices
This was way higher than the net outflows of USD 95 million registered during the quarter ended September 2021
Axis Mutual Fund is targeting to collect Rs 100 crore from its new equity ETF fund of funds during the primary subscription period, which opens on February 4 and closes on 18. The open-ended fund of fund scheme will predominantly invest in units of domestic equity ETFs and is looking to collect Rs 100 crore during the subscription period, Raghav Iyengar, chief business officer at the fund house, told PTI on Wednesday. The fund will track the Nifty 500 stocks and will be managed by Shreyash Devalkar, the fund house said. ETFs are one of the most popular vehicles of investing in passive strategies as they replicate the portfolio of the underlying index while trading in bite-sized units on an exchange at market prices. In the past three years, equity ETFs AUM has increased more than three times. Since different sectors and market segments perform differently at different times, the new FoF's investment approach is designed to allocate dynamically across market cap and sectoral/ themat
The fund will open on January 13 and closes on January 27
The subscription will be closed on December 9